QBE pulls support for plan to lift Warragamba Dam wall, cuts coal exposure Weâre sorry, this service is currently unavailable. Please try again later. Dismiss Save Normal text size Advertisement QBE, Australiaâs largest insurer, said it would halt insuring âsevere risk projectsâ in any World Heritage site and withdrew its backing for the NSW plan to lift the wall of Sydneyâs main water reservoir. QBE also singled a reduction in its exposure to the fossil fuel industry because of climate change, saying that it would exit all support for the thermal coal industry by 2030 and assess then whether oil and gas companies are âon a pathway consistentâ to achieving the Paris climate accord goals of reducing greenhouse gas emissions.